Enjoy peaceful lake views and a refined indoor-outdoor lifestyle in
this popular Pallazio model, a stunning four-bedroom plus den,
three-bath furnished home built in 2019 in Oyster Harbor at
Fiddler's Creek. Designed with a desirable open-concept layout and
split-bedroom plan, the residence features a heated saltwater pool
and spa with waterfall spillover, powered by a new Pentair gas
heater. The picture-frame screen enclosure frames the tranquil
waterfront, while the fully equipped summer kitchen includes a
Somerset stainless steel grill with rotisserie, leathered granite
countertops, and a 24-inch double drawer beverage refrigerator.
Ideal for year-round enjoyment, the lanai also offers recessed
lighting, ceiling fans and in-ceiling speakers. Impact-resistant
glass and manual shutters provide added peace of mind. Inside, a
glass French door entry opens to a welcoming foyer with a tray
ceiling, setting the tone for the elegant interior. Wood-look
luxury vinyl plank flooring, crown molding, recessed lighting and
thoughtful upgrades carry throughout. The gourmet kitchen is a
showpiece with white cabinetry, quartz countertops, an island with
pendant lighting, tile backsplash, and under-cabinet lighting.
Premium GE stainless appliances include a 36-inch five-burner gas
cooktop and hood, Advantium microwave, wall oven, new Bosch
dishwasher, new French door refrigerator/freezer and a pantry for
added storage. The adjacent formal dining area features an elegant
chandelier and flows seamlessly into the open-concept living room,
creating a space for entertaining. The living area is equally
inviting with a recessed ceiling, accent wall and a dry bar with
floating shelves and a Monogram glass-front beverage fridge, all
overlooking the lanai through sliding glass doors. The owner's
suite is a private retreat overlooking the lake, with a tray
ceiling, white plantation shutters and a luxurious en-suite bath.
Highlights include a quartz dual-sink vanity with makeup counter,
sconce lighting, a large glass-enclosed walk-in shower with
multiple shower heads, a window for natural light and a spacious
walk-in closet with custom built-ins. The guest area includes three
bedrooms, each with plantation shutters and wood slat closet
shelving. Two guest rooms share a full bath with a tub/shower
combination, while the third offers an en-suite with a walk-in
shower and glass enclosure. A flexible den with ceiling fan makes
the ideal home office or study. The laundry room includes GE
front-load washer and gas dryer on pedestals, a utility sink,
cabinetry and counter space. The two-car garage features an epoxy
floor, and the home is equipped with a tankless gas water heater
and a security system. Residents enjoy access to an impressive
clubhouse with fine/casual dining, a fitness center with classes,
resort-style pools, slides, spa, sauna, steam room, tennis,
pickleball, bocce and year-round events. Optional golf, beach and
marina memberships available.
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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